Japan's longest-serving leader was assassinated Friday. His 'Abenomics' revived Japan's economy.
It has been a mistake to trust momentum to last in this environment.
For me, it's the time to be an opportunistic buyer
The FOMC flat out tells us here that they are willing to damage the economy in order to get a handle on and tamp down consumer-level inflation.
If new lows stay suppressed, it is an indication that there is aggressive bottom-fishing taking place.
We saw violations of resistance and 'hammers' registered on the charts.
I remain on a cautious stance and still believe equities have not found a true bottom, but that doesn't mean I'm completely on the sidelines.
Key to equity market volatility has been Treasury market, currency market, and commodity market volatility.
With the yen testing ¥137 and stubbornly staying above ¥135 to the U.S. dollar, Japanese exporters will benefit from a currency-exchange boon to the bottom line.
A temporary break in oil prices, along with lower interest rates, could be a near-term positive for equity prices.